U.S. Drops To Second Place Under Biden

Of course this would happen under Biden.

Under Biden’s Presidency, China has officially overtaken the United States as the richest country in the world.

The overall global wealth has more than tripled over the last twenty years and now China is leading the pack and has just overtaken the United States worldwide.

A total of 10 countries represents a little over 60% of the worlds income according to the research arm of consulting firm McKinsey & Co.

According to WIO News, Global wealth has increased from $156 trillion in 2000 to $514 trillion but shockingly, a whopping one-third of that growth was accounted for solely by China. In 2000 China’s national wealth was around $7 trillion and quickly shot up to $120 Trillion by 2015 and is even higher today.

The United States net worth doubled over the same period but is still behind China.

President Biden and future U.S. leaders should take the necessary precautions moving forward if they want to one day reclaim the top position again.